How do I calculate percentage change?
The formula, step by step
Percentage change measures how much a value has moved relative to where it started. The formula is (new − old) ÷ old × 100. First find the raw difference by subtracting the old value from the new value. Then divide that difference by the old value to express the change as a proportion of the starting point. Finally multiply by 100 to turn the proportion into a percentage.
The sign of the answer tells you the direction. A positive number means the value went up (an increase), and a negative number means it went down (a decrease). You can run any pair of numbers through the Percentage Calculator to see the result without doing the arithmetic by hand.
A worked example in both directions
Say a value rises from 80 to 100. The difference is 100 − 80 = 20. Divide by the old value: 20 ÷ 80 = 0.25. Multiply by 100 and you get +25%. So going from 80 to 100 is a 25% increase.
Now reverse it: a value falls from 100 to 80. The difference is 80 − 100 = −20. Divide by the old value: −20 ÷ 100 = −0.2. Multiply by 100 and you get −20%. So the same 20-unit gap is a 20% decrease coming down, not 25%.
Why the starting value matters
The old value is the base you divide by, and it changes between the two examples above — 80 in the first case, 100 in the second. That is why an equal-sized move in raw terms produces different percentages depending on where you start.
This also means a rise followed by an equal-percentage fall does not return you to the original number. A value that gains 25% and then loses 25% lands below where it began, because the 25% loss is taken from the new, higher base. Percentage moves are not symmetric, a point that comes up whenever gains and losses are described in percentage terms.
Percentage change vs. percentage points
A common mix-up is treating percentage change the same as a change in percentage points. They are different things. If a rate moves from 5% to 7%, that is a rise of 2 percentage points — you simply subtract one percentage from the other.
But as a percentage change, going from 5% to 7% is (7 − 5) ÷ 5 × 100 = +40%. Both statements describe the same move; they just answer different questions. A figure quoted as a change can mean points or a percentage change, and the two can look very far apart.
Frequently asked questions
What is the formula for percentage change?
Why isn't a 25% rise cancelled out by a 25% fall?
What is the difference between percentage change and percentage points?
How do I calculate a percentage decrease?
Sources: Math is Fun — Percentage Change.
Last reviewed July 4, 2026 · Editorial policy · This is general information, not financial advice.